| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $267M | $211M | $214M | 26.7% | 24.8% |
| Op. Income | $35M | $26M | $23M | 32.8% | 53.2% |
| Gross Margin | 71.1% | 76.4% | 70.9% | -5.4pp | 0.2pp |
| Net Margin | 10.1% | 8.5% | 11.3% | 1.6pp | -1.2pp |
| EPS (Diluted) | $0.23 | $0.16 | $0.22 | 43.8% | 4.5% |
| Free Cash Flow | -$11M | $36M | $72M | -129.5% | -114.6% |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $47M |
| General & Administrative | $40M |
| SG&A Expenses | $87M |
| Other Expenses | $68M |
| Operating Expenses | $155M |
| Cost & Expenses | $233M |
| OPERATING INCOME | $35M |
| Interest Income | $7M |
| Interest Expense | $11M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $7M |
| EBIT | $41M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $267M |
| Cost of Revenue | $77M |
| GROSS PROFIT | $190M |
| R&D Expenses | $0 |
| Selling & Marketing | $47M |
| General & Administrative | $40M |
| SG&A Expenses | $87M |
| Other Expenses | $68M |
| Operating Expenses | $155M |
| Cost & Expenses | $233M |
| OPERATING INCOME | $35M |
| Interest Income | $7M |
| Interest Expense | $11M |
| Other Income/Expenses | -$5M |
| INCOME BEFORE TAX | $30M |
| Income Tax Expense | $3M |
| Net Income from Continuing Ops | $27M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $27M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $27M |
| D&A | $7M |
| EBIT | $41M |
| EBITDA | $48M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $27M |
| Depreciation & Amortization | $0 |
| Stock-Based Compensation | $0 |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $24M |
| Change in Working Capital | -$62M |
| OPERATING CASH FLOW | -$11M |
| Capital Expenditure | $0 |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $2M |
| NET CASH FROM INVESTING | $2M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $5M |
| NET CASH FROM FINANCING | $5M |
| FREE CASH FLOW | -$11M |
| Net Change in Cash | -$11M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $391M |
| Short-Term Investments | $313M |
| Net Receivables | $153M |
| Inventory | $313.0K |
| Other Current Assets | $192M |
| TOTAL CURRENT ASSETS | $1.0B |
| PP&E (Net) | $26M |
| Goodwill | $0 |
| Intangible Assets | $588M |
| Long-Term Investments | $5M |
| Tax Assets | $108M |
| Other Non-Current Assets | $37M |
| TOTAL NON-CURRENT ASSETS | $763M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $166M |
| Short-Term Debt | $6M |
| Deferred Revenue | $110M |
| Other Current Liabilities | $83M |
| TOTAL CURRENT LIABILITIES | $364M |
| Long-Term Debt | $227M |
| Deferred Revenue NC | $251.0K |
| Deferred Tax Liabilities | $3M |
| Other Non-Current Liabilities | $26M |
| TOTAL NON-CURRENT LIABILITIES | $256M |
| TOTAL LIABILITIES | $620M |
| Common Stock | $56.0K |
| Additional Paid-In Capital | $2.2B |
| Retained Earnings | -$956M |
| Treasury Stock | -$181.0K |
| Accum. Other Comp. Income | -$200M |
| Other Equity | $141M |
| TOTAL STOCKHOLDERS' EQUITY | $1.2B |
| Minority Interest | $6M |
| TOTAL EQUITY | $1.2B |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $233M |
| Net Debt | -$159M |
